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QUOTE OF THE WEEK... "I couldn't wait for success, so I went
ahead without it." --Jonathan Winters, American comedian
INFO THAT HITS US WHERE WE LIVE... No one would call today's housing market a raging success, but it is moving ahead pretty well, considering. Housing Starts went up nicely in July, hitting a 1.206 million annual rate, and they're now up 10.1% over a year ago. The month's gain all came from a 12.8% hike in single-family units, which are up 19.0% in the last 12 months. Notably, this performance followed the boom in starts reported in June. Building Permits, however, were down in July, dipping to a 1.119 million annual rate. Yet single-family permits are up 6.1% and multi-family permits up 9.7% compared to a year ago.
Sales of previously owned homes also went ahead nicely in July. In fact, Existing Homes Sales posted an upside surprise, coming in at a 5.59 million annual rate, hitting their fastest sales pace in eight years. This was the third month in a row sales rose. They've also been up five of the last six months and have scored year-over-year increases for ten consecutive months. Of course, tight supply and rising prices could slow things down, but more inventory should come to market in the coming year, as sellers who were on the fence jump in to grab those price gains amidst strong buyer demand. Total existing home sales are now up 10.3% versus a year ago.
BUSINESS TIP OF THE WEEK... Make a detailed schedule every day. This establishes your routine for that day, making it easier to complete your priorities while dealing with whatever interruptions life throws at you.
INFO THAT HITS US WHERE WE LIVE... No one would call today's housing market a raging success, but it is moving ahead pretty well, considering. Housing Starts went up nicely in July, hitting a 1.206 million annual rate, and they're now up 10.1% over a year ago. The month's gain all came from a 12.8% hike in single-family units, which are up 19.0% in the last 12 months. Notably, this performance followed the boom in starts reported in June. Building Permits, however, were down in July, dipping to a 1.119 million annual rate. Yet single-family permits are up 6.1% and multi-family permits up 9.7% compared to a year ago.
Sales of previously owned homes also went ahead nicely in July. In fact, Existing Homes Sales posted an upside surprise, coming in at a 5.59 million annual rate, hitting their fastest sales pace in eight years. This was the third month in a row sales rose. They've also been up five of the last six months and have scored year-over-year increases for ten consecutive months. Of course, tight supply and rising prices could slow things down, but more inventory should come to market in the coming year, as sellers who were on the fence jump in to grab those price gains amidst strong buyer demand. Total existing home sales are now up 10.3% versus a year ago.
BUSINESS TIP OF THE WEEK... Make a detailed schedule every day. This establishes your routine for that day, making it easier to complete your priorities while dealing with whatever interruptions life throws at you.
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